2300 N BROAD ST New Orleans, LA 70122
34 Beds
34 Baths
14,098 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 14,098 sqft
Price per Sqft $240
MLS Listing ID 2548285
Style Other
Bedrooms 34
Full Baths 34
Construction Status Very Good Condition
HOA Y/N No
Year Built 1970
Lot Size 0.559 Acres
Acres 0.5587
Property Sub-Type Apartment
Property Description
Well-positioned 34-unit, two-story multifamily apartment complex along the Broad Street corridor in New Orleans, easy access to Gentilly, Mid-City, Seventh Ward, Fair Grounds Race Course, I-610, and I-10. The property contains 34 one-bedroom / one-bath units (approximately 500 SF each). Tenant base includes HANO, LHA, Unity, VOA, providing stable and diversified income.
***Owner Financing Available:
Down Payment: 15% due at closing, Interest Rate: 5% for years 1–2, Amortization: 30 years
Additional Principal Payment: 5% due at year 2
Interest Rate: 7% for years 3–5, Balloon Payment: due at year 5
Seller Second Terms:
Down Payment: 75% due at closing, Seller to finance remaining 25%
Interest Rate: 4%, for for year 1-2, increase 5% for years 3-5. Amortization: 30 years
Balloon Payment: Remaining balance due at year 5
Part of a larger New Orleans multifamily and commercial portfolio. Contact agent for rent roll, financials, and additional portfolio opportunities.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Shingle
Building
Lot Description City Lot, Irregular Lot, Oversized Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Two
Construction Status Very Good Condition
Others
Tax ID 37W316213
Special Listing Condition None
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